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Dec 4, 2012
12/12
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we want to make sure we don't go over the fiscal cliff and find spending cuts to control the growth of government to save what we need to do. >> you mention bowles changing his tune. he does say in his words circumstances have changed. it's up to negotiators to figure out where the middle ground is today. do you think that middle ground moved in any direction as a result of the election? >> well, i think one thing you have to see is you have status quote. president won re-election. republicans kept the majority in the house. i think you saw where the republicans went right after the election. you had the speaker say you asked for revenue. here's revenue. if the president asked for 800 billion in revenue, we're providing it in a way that we believe is a better growth to protect small business. at the same time the president said it has to be a balanced approach. two for one. if you watch for geithner proposed, new stimulus program and others, the spending increases. you won't go after spending cuts of what we've been trying to get to. >> congressman, jim cramer here. i worry that what y
we want to make sure we don't go over the fiscal cliff and find spending cuts to control the growth of government to save what we need to do. >> you mention bowles changing his tune. he does say in his words circumstances have changed. it's up to negotiators to figure out where the middle ground is today. do you think that middle ground moved in any direction as a result of the election? >> well, i think one thing you have to see is you have status quote. president won re-election....
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Dec 5, 2012
12/12
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. >> investment banks paralyzed by the fiscal cliff. we'll find out what it will take to get deals going once again. >> we expect the president to speak on the fiscal cliff before the business roundtable. we'll bring you his comments live. citigroup cutting 11,000 jobs taking a billion dollar charge. kayla tausche has more. >> investors see this as a positive. a big move for a new ceo who is just getting his sleeves rolled up. the cuts will span across nearly all of the company's divisions but biggest slice of the pie coming from global consumer banking cutting 6,200 jobs there. the cuts are broad. nearly 2,000 jobs cut from the institutional clients group including investment banking six times the layoffs reported to take place in the securities business earlier this month. jim cramer said earlier that it feels like citigroup has been cutting jobs forever but that's because the bank has downsized by a third since peak employment in 2007. most of that cutting took place after he took the reigns. it will have 261,000 jobs once these cuts
. >> investment banks paralyzed by the fiscal cliff. we'll find out what it will take to get deals going once again. >> we expect the president to speak on the fiscal cliff before the business roundtable. we'll bring you his comments live. citigroup cutting 11,000 jobs taking a billion dollar charge. kayla tausche has more. >> investors see this as a positive. a big move for a new ceo who is just getting his sleeves rolled up. the cuts will span across nearly all of the...
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Dec 7, 2012
12/12
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don't go over the fiscal cliff but pass a simple tax bill. what would it entail? expend the tax cuts to those making under $250,000. increase taxes on dividends and capital gains to 23.6%. number three, know estate tax, payroll tax cut, unemployment benefits extension. basically strip everything out. no delay in sequestration. does this look like it would satisfy wall street? i don't think so. remember two essential points. it's got to be done before the end of the year and be substantive. this is pretty stripped down but this is what a lot of people are talking about that this might be all that you're able to get through. people were hoping for a bigger deal, if not a grand bargain, at least address some of the other issues. >>> let me move on. the dow's up a little bit because of high-priced stocks like ibm are up. but we're having a great day again for financials. it's been a great week overall, but this is just today. jpmorgan chase and morgan stanley and citi announcing job cuts. bank of america, i'm sorry, announcing the cuts. let me tell you what's happenin
don't go over the fiscal cliff but pass a simple tax bill. what would it entail? expend the tax cuts to those making under $250,000. increase taxes on dividends and capital gains to 23.6%. number three, know estate tax, payroll tax cut, unemployment benefits extension. basically strip everything out. no delay in sequestration. does this look like it would satisfy wall street? i don't think so. remember two essential points. it's got to be done before the end of the year and be substantive. this...
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Dec 6, 2012
12/12
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. >> just to recap, you seem very nervous about the coming weeks partly because of the fiscal cliff. people who already train and who work out regularly, you're one of the ultimate kind of discretionary expenditures, of those things that people might cut back on going into christmas. >> i think it's an unknown, i won't say it worries us, i think we have a very core guest and i think that gives me a lot of confidence in the back half of the quarter is the very strong sales that we have seen starting in october through november, we have seen a great acceleration so we know that we're a very giftable item and we would expect to see strong gift card redemption sales and so i think there's a lot of things that give us confidence that we can have a great quarter. >> christine, how big can men's be. i'm trying to figure out if you can be like nike. >> i think from there's a huge market still that we're actually creating in the athletic technical wear space as well as the technical street, which is a very big market and without putting a time frame on it, we definitely see ourselves with a b
. >> just to recap, you seem very nervous about the coming weeks partly because of the fiscal cliff. people who already train and who work out regularly, you're one of the ultimate kind of discretionary expenditures, of those things that people might cut back on going into christmas. >> i think it's an unknown, i won't say it worries us, i think we have a very core guest and i think that gives me a lot of confidence in the back half of the quarter is the very strong sales that we...